Hengjiang Mu's Cpnyc88 LLC Acquires Waterview Marina Condos In College Point For $14M
14-34 110th Street
$14,000,000
$208/SF
Building Size
67,047 SF
Asset Type
Condo
Closing
Oct 23, 2023
AI
Hengjiang Mu, operating via Cpnyc88 LLC, acquired the Waterview Marina Condominium units located at 14-34 110th Street in College Point, Queens. The transaction was finalized on October 23, 2023, with an acquisition price of $14 million. The condo units span a total area of 67,047 square feet, resulting in a price per square foot of $209.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $14,000,000
- Address: 14-34 110th Street
- Market: College Point, Queens
- Buyer: Hengjiang Mu - Cpnyc88 LLC
- Seller: Sam Chang - McSam Hotel Group
- Square Footage: 67,047
- Price per Square Foot: $209
Hengjiang Mu, represented by Cpnyc88 LLC, successfully purchased the Waterview Marina Condominium units from Sam Chang's Wv Marina Properties LLC. This transaction marks an important acquisition in the College Point market, further strengthening Hengjiang Mu's real estate portfolio.
Players
College Point Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93